Managing Director of the Agricultural Development Bank (ADB), Dr. John Kofi Mensah believes COVID-19 presents Ghanaians with the best opportunity to localise the entire food production value chain in the country and become less reliant on import of basics such as rice and poultry. “This is the time to be...
   The Ghana National Chamber of Commerce and Industry (GNCCI) and the Trades Union Congress (TUC) have expressed worry over the high number of job losses in the country due the outbreak of COPVID-19. The GNCCI is asking businesses to resort to furlough – a temporary leave of absence granted...
The novel coronavirus has impacted most economies negatively since it disrupted global economic activity. Worst-affected are Micro, Small and Medium Enterprises (MSMEs), which account for 70 percent of Ghana’s Gross Domestic Product (GDP) while also forming about 92 percent of businesses in the country. This week President Akufo-Addo launched the ‘CAP...
Government’s announcement that it has settled its indebtedness to the Electricity Company of Ghana (ECG), amounting to some GH¢2.6 billion, is refreshing and rather soothing. Minister of Energy John Peter Amewu disclosed this on Tuesday at the COVID-19 update press briefing, and noted that as at December 2016 the total...
Minister of Finance Ken Ofori-Atta has observed that moving away from cash helps the country advance toward achieving many of the Sustainable Development Goals. Government has launched three new policy initiatives designed to deepen financial inclusion and accelerate digital payments, in line with government’s vision of building a payment system...
At the onset of the COVID-19 pandemic, little emphasis was placed on food security as analysts were more concerned about disruptions to manufacturing value chains, foreign direct investment and slowdown of economic figures. It is already known that Africa is vulnerable to food insecurity with adverse climatic conditions, economic shocks,...
The COVID-19 pandemic has brought along in its wake disruptions never experienced in world history. However, it has presented a few opportunities and one such opportunity is that it has remarkably pushed the country’s cash-lite agenda. Summary of Economic and Financial data (May 2020 edition) shows that mobile money platform...
While the world is feverishly looking for a vaccine that can cure the COVID-19 pandemic that is ravaging the global community, the Republic of Madagascar has come out with a herbal remedy it believes is the answer to the world’s quest for a cure. Madagascar’s Minister of Communication, Lalatiana Andriamanarivo...
The Ghana Export Promotion Authority (GEPA) has targetted earning more than US$10billion in revenue from non-traditional exports by end of 2028, under its National Export Development Strategy programme. The country’s Non-Traditional Exports (NTEs) sector has grown from US$2million annually in the early 1980s to US$2.8billion in 2018. However, with the...
Government last week directed the exclusion of some imports from its reduction in benchmark values by a range of 30 percent to 50 percent, which has been implemented with effect from April 4, 2019. This has not gone down too well with certain trade groups. GUTA’s Welfare Officer, Benjamin Yeboah,...